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Saving for a substantial down payment is crucial for your first property purchase. Building and maintaining a good credit score enhances your chances of loan approval. Mortgage pre-approval helps determine what you can afford based on income and savings.
The median rent for a 1-bed in Fort Lauderdale was $2,080 in September. It was ↑ 1.5% MoM and ↑ 4% yearly. For a 2-bed, the median rent was $2,880 in September.
Data from Florida International University and Florida Atlantic University suggests rent rates may continue to grow in South Florida.
Citadel, a $59B hedge fund, moved its headquarters from Chicago to Miami in June 2022. Many Citadel employees are purchasing luxury homes in Miami suburbs. The influx of buyers has created a shortage of high-end homes in areas like Coral Gables and Coconut Grove.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
